These Same 15 Largest Ohio Non-Oil & Gas Companies Generated June 2018 Quarter Total US GAAP Pretax Income (PTI) From Continuing Operations of $7.218 Bil, Down 13.3% From Their Total PTI of $8.329 Bil in Their June 2017 Quarter. As a Comparison, These Same 15 Companies Generated March 2018 Quarter Total US GAAP Pretax Income (PTI) From Continuing Operations of $9.348 Bil, Up 3.8% From Their Total PTI of $9.009 Bil in Their March 2017 Quarter.
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On the Other Hand, Ohio Has 2 Oil & Gas Companies With Stock Market Caps Above $10 Bil Which Released Their June 2018 Earnings By August 6, 2018 And They Generated Six Months Ended June 2018 Total US GAAP Pretax Income (PTI) From Continuing Operations of $2.657 Bil, Up a Blistering 97% From Their Total PTI of $1.346 Bil in Their Six Months Ended June 2017 ........................................................................................
From a review of SEC filings, the below chart shows the US GAAP Pretax Income (Loss) From Continuing Operations for the June 2018, the June 2017, the March 2018 and the March 2017 Quarters as well as for the Six Months Ended June 2018 and June 2017 for the 17 Ohio Companies which have reported their June 2018 Earnings By August 6, 2018 and which have stock market caps above $10 Bil in April 2018.
US | US | |||||||||
US | US | US | US | GAAP | GAAP | |||||
GAAP | GAAP | GAAP | GAAP | Pretax | Pretax | |||||
Pretax | Pretax | Pretax | Pretax | Income | Income | |||||
Ohio Company | Income | Income | Better | Income | Income | Better | (Loss) | (Loss) | Better | |
Market Caps Above $10 Bil | (Loss) | (Loss) | (Worse) | (Loss) | (Loss) | (Worse) | Six Months | Six Months | (Worse) | |
Releasing June 2018 | June Qtr | June Qtr | % | March Qtr | March Qtr | % | June | June | % | |
Earnings By 8-6-18 | 2018 | 2017 | Change | 2018 | 2017 | Change | 2018 | 2017 | Change | |
mils $ | mils $ | mils $ | mils $ | mils $ | mils $ | |||||
Oil & Gas Cos | ||||||||||
Marathon Petroleum Corp | 1,516 | 824 | 84% | 257 | 142 | 81% | 1,773 | 966 | 84% | |
MPLX LP | 457 | 193 | 137% | 427 | 187 | 128% | 884 | 380 | 133% | |
Ohio 2 Oil & Gas Cos | 1,973 | 1,017 | 94% | 684 | 329 | 108% | 2,657 | 1,346 | 97% | |
Non-Oil & Gas Cos | ||||||||||
Procter & Gamble | 2,289 | 2,927 | -22% | 3,253 | 3,336 | -2% | 5,542 | 6,263 | -12% | |
Progressive Corp | 880 | 555 | 59% | 911 | 641 | 42% | 1,791 | 1,196 | 50% | |
Eaton Corp plc | 694 | 572 | 21% | 565 | 467 | 21% | 1,259 | 1,039 | 21% | |
Fifth Third Bancorp | 693 | 494 | 40% | 836 | 396 | 111% | 1,529 | 890 | 72% | |
American Electric Power | 602 | 567 | 6% | 559 | 937 | -40% | 1,161 | 1,504 | -23% | |
KeyCorp | 582 | 565 | 3% | 478 | 419 | 14% | 1,060 | 984 | 8% | |
Sherwin-Williams | 538 | 509 | 6% | 303 | 307 | -1% | 841 | 816 | 3% | |
Parker Hannifin | 498 | 401 | 24% | 470 | 315 | 49% | 968 | 716 | 35% | |
Huntington Bancorp | 412 | 351 | 17% | 385 | 267 | 44% | 797 | 618 | 29% | |
FirstEnergy | 382 | 351 | 9% | 429 | 409 | 5% | 811 | 760 | 7% | |
Cincinnati Financial | 264 | 128 | 106% | (50) | 276 | -118% | 214 | 404 | -47% | |
American Financial Group | 260 | 205 | 27% | 174 | 223 | -22% | 434 | 428 | 1% | |
Welltower | 167 | 203 | -18% | 454 | 338 | 34% | 621 | 541 | 15% | |
Mettler-Toledo | 144 | 127 | 13% | 117 | 114 | 3% | 261 | 241 | 8% | |
Cardinal Health | (1,187) | 374 | -417% | 464 | 564 | -18% | (723) | 938 | -177% | |
Ohio 15 Non-Oil & Gas Cos | 7,218 | 8,329 | -13.3% | 9,348 | 9,009 | 3.8% | 16,566 | 17,338 | -4.5% | |
Total all 17 Ohio Cos | 9,191 | 9,346 | -1.7% | 10,032 | 9,338 | 7.4% | 19,223 | 18,684 | 2.9% |